Tag: thomas-schelling
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Models of Racial Segregation
Tim Harford—the FT’s ‘Undercover Economist’—has produced a video demonstrating Thomas Schelling’s theory of racial segregation, in 2 minutes. Schelling, who was awarded the 2005 Nobel Prize in Economics for “having enhanced our understanding of conflict and cooperation through game-theory analysis”, showed with his Models of Segregation that even a mild preference for the colour of…